903 Princes Highway - Pakenham
INDUSTRIAL INVESTMENT IN GROWTH CORRIDOR
PRIVATE SALE
903 Princes Highway & 34 - 50 Mary Street (corner Doherty Street), Pakenham
Quinn Reynolds Property are pleased to present for sale this versatile Storage & Logistics Investment. Underpinned by a 10 year, triple net lease to Cootes Quarry Products and boasting over 1.4 Ha of industrial 1 zoned land, primed for redevelopment (STPA).
INVESTMENT HIGHLIGHTS:
+ Annual Income of $520,000* per annum net
+ 10 year lease with 5 year option
+ CPI annual increases
+ Industrial 1 Zoned Land
+ Site area of 14,150 sqm / 1.4 Ha*
+ Tenant pays 100% of outgoings, including Land Tax and Capital works
+ National Retailers & Bulky Goods Precinct
+ Redevelopment clause after 6 years
Featuring multiple income streams the asset is backed by a 10 year head lease to Cootes Quarry Products. A family owned company established in 2004, dedicated to supplying the construction industry with quality quarry products across Melbourne and Victoria.
Located approximately 53 kms* South East of the Melbourne CBD, best accessed via the South Eastern Freeway. The Site is positioned on the Northern side of Princes HWY, adjoining many National Brands and Large Format Retailers and lends itself to multiple redevelopment outcomes (STPA). Boasting close proximity to the Pakenham Lifestyle Centre and the Lakeside Boulevard Retail Strip, this thriving community continues to grow with an abundance of quality amenity.
For further details please contact Linc or Marcus
*approximate
